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HOUSTON: Oil prices plunged by over $5 a barrel, or more than 6%, on Monday following Iran’s retaliatory strike on a US military base in Qatar in response to American airstrikes on its nuclear facilities over the weekend. Despite the escalation, Iran did not interfere with the flow of oil
KARACHI: Rupee weakened further during the previous week as it depreciated Re0.74 or 0.26% against the US dollar. The local unit closed at 283.70, against 282.96 it had closed the week earlier against the greenback, according to the State Bank of Pakistan (SBP). In line with market expectations, the Monetary
ISLAMABAD: Prime Minister Shehbaz Sharif has approved the gradual elimination of meter readers in power Distribution Companies (Discos) across the country—excluding the KE service area—under a new system titled “Apna Meter Apni Reading” App, which is set to launch soon, sources informed Business Recorder. At present, meter readers capture images
KARACHI: The Pakistani rupee witnessed a slight depreciation against the US dollar, slipping by 0.03% in Thursday’s interbank trading session. By the close of trading, the rupee stood at 283.64 against the greenback, down by 9 paisas from the previous day’s closing rate of 283.55. On the global front, the
